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Investing

Oil climbs to highest in over two years as U.S. supplies tighten

Published by Jessica Weisman-Pitts

Posted on June 23, 2021

· Last updated: January 21, 2026

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Policeman at West Qurna-1 oil field amid rising oil prices - Global Banking & Finance Review — A policeman stands guard at the West Qurna-1 oil field in Basra, Iraq, as oil prices reach their highest levels in over two years due to tightening U.S. supplies. This image highlights the geopolitical significance of oil production in the global market.

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